Mixed open on Wall Street; bank stocks rise

10:19 AM,
Jul. 12, 2013

Written by

AP

The stock market rally that led to record highs on Thursday has stalled.

Major U.S. indexes were flat in early trading Friday.

Earnings news was mixed. Profits at big banks Wells Fargo and JP Morgan came in better than expected, and that helped bank stocks. But UPS cut its profit outlook and said it's seeing a slowdown in U.S. industry. ...